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RCEP to boost Jiangsu companies
2022-07-12

As changes of the times combined with the once-in-a-century pandemic, the Regional Comprehensive Economic Partnership (RCEP) has demonstrated strong vitality against a backdrop of weak global economic recovery over the past half a year. Data shows that in the past six months the Jiangsu CCPIT system has issued 21 thousand RCEP certificates of origin for cargo worth over 5.6 billion yuan for 1326 companies, ranking first among the nation CCPIT system. Tariff savings are expected to reach more than 46 million Yuan. The main preferential commodities include textile raw materials and products, chemical products, plastics and rubber, shoes and hats, base metals and products, etc. RCEP preferential certificates of origin issued to Japan account for more than 97% which is a substantial boost to the export to Japan.

To help enterprises to get familiar with relevant clauses of RCEP and better enjoy the benefits of regional opening, our council is actively building online services platforms, expanding and enhancing RCEP promotion and training and carrying out targeted "one-to-one" counselling for enterprises to optimize our services and push forward the continuous release of RCEP policy dividends.


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